Nov 13, 2012 1:00pm EST
-day for palladium, supply concerns out of russia and south africa, also supportive of the platinum market. if you want to play these metals as a retail investors, look at the etfs. >>> to the action here at the nyse, bob pisani here on the nyse floor. last words out of your mouth were much better that yesterday. what kind of steady as she goes? >> even on the vans decline line. volume is light to moderate a heck of a lot better that yesterday. best volume in a long time. and a very strong european close. that was the big factor, big speculation again about spain being involved in perhaps the ecb coming and buying spam nish bonds, all vague speculation but helped the spam nish close and the european close. here is sector up today for the first time this month, utility stocks. they have been slammed on speculation on the fiscal cliff, of course, dividend payers have to pay higher taxes, the first time, sue, in nine trading sessions, the utilities on the upside a lot of the big utility names you see down 7, 8%. some of this, some of it is due to hurricane sandy but much on speculation on the fiscal
Nov 2, 2012 1:00pm EDT
and in russia, and a whole new set of political and social institutions. and my concluding argument is, we really need to be thinking about a social and political adjustment comparable to the one that we -- >> so who puts that in place? the government you say that's bought by the rich? the problem is that how do you solve that? the rich always get control of the government. right? that's why government needs to be as small as possible. the bigger it gets, the more it gets bought. that's the problem. >> actually, i strongly disagree with that. that's a real -- >> that's the premise of your book. >> no, no. that's a counsel of despair to say the government is always going to be controlled and captured by the rich. i think the government can actually be controlled by democratic majorities. think that council of despair is one reason why american society overall is not stepping up to the challenge of our economic times. >> let me bring in robert frank, our wealth editor, for a question. thought? comment? >> thanks. congratulations on the book. >> thank you. >> just a quick question. the discus
Nov 28, 2012 1:00pm EST
errors. that's not how we got here. otherwise you'd have something like soviet russia, built from top-down. >> we took some of the key stressors from the markets that are out there. and there are a number of them these days, certainly. we'd like you to go through and tell us whether they're fragile, robust or antifragile. start with the fiscal cliff because it is what everybody on wall street is watching. is it fragile, antifragile or robust. >> for me it is a good thing because the economy requires once in a while to be shaken and people to be scared. otherwise we got trouble. sort of livg theke equivalent o forest that hasn't had forest fire in a while. you need once in a while to jolt the market so people realize that there is something wrong and we have to do something about it. and we need these fiscal cliffs and similar situation to shake politicians. >> because they have no skin in the game according to you. >> that is a big problem. there's some category of people who have the up side and no downside. and effectively, they have -- the downside is borne by us april 15, tax day.
Nov 21, 2012 1:00pm EST
vita russia in miami. >> it would be nice to have the jack to do business with the jills. wouldn't it? >>> tyler, we've got some whales weighing in. groupon, for one stock. on november 12, george soros and paul tutor have taken stakes. trading at 3.78% on some very good volume. >>> this story is the making of a perfect spoof on lady gaga's -- po-po-poker talks. poker talks. can't really sing very well. you didn't need me to tell you that, did you? a manhattan doctor finding a new market for botox. poker players. >>> over the past five years, the national debt has grown at an average of $1.4 trillion per year. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> power rundown time. joining is now, bob pisani and john carney. topic one, sac capital in the spotlight. what they say could be the most profitable insider trading case in u.s. history. a quarter of a billion dollars! but the is